What is the meaning of Ad Valorem Tax?

Ad Valorem Tax is a tax based on the value of real property, most commonly real estate. The City can only use this revenue source for repaying General Obligation Bond debt and judgments against the City.

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APABarry Goldsmith. (2010). ad valorem tax. Retrieved September 26, 2026, from http://smartdefine.org/ad_valorem_tax/definitions/1147181
ChicagoBarry Goldsmith. 2010. "ad valorem tax" http://smartdefine.org/ad_valorem_tax/definitions/1147181 (accessed September 26, 2026).
HarvardBarry Goldsmith 2010, ad valorem tax, Smart Define, viewed 26 September, 2026, <http://smartdefine.org/ad_valorem_tax/definitions/1147181>.
MLABarry Goldsmith. "ad valorem tax" 21 October 2010. Web. 26 September 2026. <http://smartdefine.org/ad_valorem_tax/definitions/1147181>
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